Resident corporations are taxed on their worldwide income. Non-resident corporations may only be taxed on their Fiji-sourced income.
CIT is payable and assessed on the chargeable income of the business calculated by subtracting deductible expenses from all assessable income specified under the FITA.
CIT is payable on taxable income at the following rates:
|Type of company||CIT rate (%)|
|Non-resident shipping companies in respect of outgoing business from carriage of passengers, livestock, mail, merchandise, or goods embarked or loaded in Fiji||2|
|Non-resident company that establishes its regional or global headquarters in Fiji (subject to certain conditions)||17|
|Company listed on the South Pacific Stock Exchange (SPSE)||10|
|All other companies, including non-resident companies carrying on business in Fiji (e.g. branch profits)||20|